TransferWise's cofounders have swapped the CEO role between themselves again

The cofounders of London fintech startup TransferWise have
swapped the CEO role amongst themselves again.

Kristo Kaarmann is taking over from Taavet Hinrikus as the boss
of the international money transfer business, according to a blog
post on Medium that was written by Hinrikus and published on
Tuesday.

"I'm handing the day-to day running of the company and the role
of CEO over to my cofounder, Kristo," the blog post reads.

"I will take the role of chairman," said Hinrikus. "As chair and
board member — while part-time — I will be closely involved
with TransferWise: continuing to shape the direction the company
takes, working with external parties and supporting our product
teams as they continue to build great things: focusing on the
best ways for me to help TransferWise on the next stage of its
journey."

TransferWise, which now employs 700 people across nine offices,
claimed in May
that it was profitable and that it was on target for
revenues of £100 million this year. A spokesperson declined to
give specific figures during a call on Tuesday but they did say
the company is growing 150% year-on-year.

Hinrikus, who is an active angel investor, having backed the
likes of simulated worlds startup Improbable, went on to say:
"I'm planning to find more time to do more of what I love,
focusing on disruption and helping the tech ecosystem flourish."

Hinrikus quietly took over
from Kaarmann as CEO in September 2015, meaning he's been in the
role for less than two years.

When Business Insider spotted that the founders had swapped the
company's CEO in October 2015, TransferWise said: "A couple of
months ago the founders changed their roles slightly. We're
growing fast and we constantly look across the company to see how
we can enable our teams to have the biggest impact. That goes for
the founders too. We try different things to figure out what
works best and gives us the fastest speed and the best outcome.
It's a change in how the founders work together - but nothing has
changed in the way that we execute towards the vision."